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Insight | Time: Jan 26 2024 10:53AM Editor:Monica Jiang

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Cotton linter import of China hits a 5-year low in 2023
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After experiencing explosive growth in 2021, the cotton linter import market has returned to rationality
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since 2022, with a decrease in volume once again. In 2023, the import market was lackluster, ending the Viscose market daily (Jan 29, 2024)
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In 2021, cotton linter import of China saw a substantial increase, reaching a second high level. In 2022, Limited price volatility of cotton linter
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the volume returned to a rational state, and in 2023, it continued to decline to a low point in nearly five
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refined cotton. According to customs data, cotton linter import of China in 2023 was approximately Cotton linter prices stabilize after rising
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China imported cotton linter from 13 countries and regions in 2023, a decrease of 3 compared to 2022.
Turkey ranked the top place among all the origins for two consecutive years in 2021 and 2022 but
dropped to second place in 2023. India once again took the lead, with India, Turkey, and Brazil ranking in
the top three, accounting for nearly 91% of the total.
Due to price advantages and the demand from refined cotton, especially cottonseed meal, cotton linter
import from India saw a significant increase in 2023, reaching 29,111.2 tons, a year-on-year growth of
188.4%, accounting for 40.3% of the total. The import volume from the United States sharply decreased
due to changes in demand and Sino-US relations, totaling 1,557.4 tons, a year-on-year decrease of 83.1%,
accounting for 2.2% of the total.
In terms of the destinations, there were 12 provinces and cities importing cotton linter in 2023, a
decrease of 1 compared to 2022. Over the years, Shandong Province has been leading the way, followed
closely by Anhui and Jiangsu, with the three accounting for a combined 71.6%.

In conclusion, influenced by various factors, the cotton linter import market ended 2023 on a low note,
with import volume dropping to a nearly 5-year low. Among them, the import of Indian cotton linter saw
substantial growth, once again taking the lead, with India, Turkey, and Brazil ranking in the top three
places. Shandong Province has been leading the import of cotton linter for many years, with Anhui and
Jiangsu following closely.

[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui
Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not
accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or
reliance on such information.

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